I just opened up my 246T for a tap job and was dismayed to see just how tiny that pin on the IC is. Guess I'm getting old an I'll need to get myself a magnifying glass to manage the soldering job. I'm not sure about that red thing in the pic, however: one wouldn't be using a capacitor in such a "capacity" (sorry, had to do it) since a resistor is what's called for to limit the signal.
So I'm guessing it's just a weird style resistor since I've never seen one like it before.
I'll have to do some thinking about whether or not I want to attempt this tap at this point in time. Most likely I'll make it happen but I definitely need to get a finer point tip for my lowly 25w soldering iron. I've been thinking about getting one of those "cold" soldering irons that heat up nearly instantly and cool off just as quick. I'd hate to damage this 246T for a tap job, that's for certain.
The soldering is easy, it's just the size of this circuit is so much smaller because of all the SMD stuff - and there's an SMD diode just to the southeast of that IC pin that needs to be tapped also, so a soldering iron tip "in the neighborhood" could have dire consequences if I don't keep my hand steady.